Deposits - Restricted (Tables)

9 Months Ended

Sep. 30, 2014

Deposits - Restricted [Abstract]

Schedule of Restricted Cash and Cash Equivalents [Table Text Block]

The following table presents the Company’s restricted deposits as of September 30, 2014 and December 31, 2013 (amounts in thousands):

	September 30, 2014		December 31, 2013
Tax-deferred (1031) exchange proceeds	$	3,909	$	—
Earnest money on pending acquisitions	330		4,514
Restricted deposits on real estate investments	33,201		53,771
Resident security and utility deposits	47,000		44,777
Other	505		505
Totals	$	84,945	$	103,567

Escrow Deposits [Text Block]

The following table presents the Company’s escrow deposits as of September 30, 2014 and December 31, 2013 (amounts in thousands):

	September 30, 2014		December 31, 2013
Real estate taxes and insurance	$	2,049	$	3,687
Replacement reserves	3,669		4,229
Mortgage principal reserves/sinking funds	39,425		33,868
Other	852		852
Totals	$	45,995	$	42,636